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Friday, July 12, 2013

Turkey N.Africa exports support Mediterranean refineries IEA reports

Increasing demand for fuel from North Africa and Turkey is keeping Greek, Spanish and Italian refineries in business, the International Energy Agency said in its monthly oil report, even while their domestic economies slump.The picture for Mediterranean refineries is bright by contrast with those in the north, where overcapacity and a lack of investment has led to a slide in margins and plant ...

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